The Berkeley Group (LON:BKG) Hits New 12-Month High – Here’s Why

The Berkeley Group Holdings plc (LON:BKG)’s share price hit a new 52-week high on Thursday . The company traded as high as GBX 4,404 and last traded at GBX 4,400, with a volume of 939094 shares changing hands. The stock had previously closed at GBX 4,318.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on BKG shares. The Goldman Sachs Group began coverage on shares of The Berkeley Group in a report on Monday, November 24th. They set a “sell” rating and a GBX 3,714 price objective on the stock. Royal Bank Of Canada downgraded The Berkeley Group to an “underperform” rating and decreased their target price for the stock from GBX 4,900 to GBX 3,700 in a research report on Tuesday, December 2nd. Finally, JPMorgan Chase & Co. raised The Berkeley Group to an “overweight” rating and upped their price target for the company from GBX 4,700 to GBX 5,000 in a report on Wednesday, February 4th. Three analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of GBX 4,475.80.

The Berkeley Group Stock Performance

The company has a debt-to-equity ratio of 18.66, a current ratio of 3.39 and a quick ratio of 0.57. The firm has a market cap of £4.20 billion, a P/E ratio of 12.07, a PEG ratio of -0.87 and a beta of 1.22. The stock’s 50 day moving average is GBX 3,994.10 and its two-hundred day moving average is GBX 3,870.97.

The Berkeley Group (LON:BKG) last released its quarterly earnings data on Wednesday, December 10th. The company reported GBX 183.70 earnings per share for the quarter. The Berkeley Group had a return on equity of 11.40% and a net margin of 16.13%.

The Berkeley Group Company Profile

At Berkeley Group we build homes and neighbourhoods across London, Birmingham and the South of England.

Our passion and purpose is to build quality homes, strengthen communities and make a positive difference to people’s lives. We use our sustained commercial success to make valuable and enduring contributions that benefit all our stakeholders.

We specialise in brownfield regeneration, working closely with local communities and councils to revive underused land and create homes where they are needed most.